What Do Retail Managers Do?

Retail managers are in charge of overseeing the operation of a retail store, including hiring and firing store employees, overseeing inventory, and managing customer service. The responsibilities of a retail manger vary depending on the size of the store. Many times, managers in small stores have a wider range of responsibilities than managers in larger ones. Managers of small stores typically control inventory and set prices; in some cases, they are in charge of deciding when inventory goes on

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Retail Manager Tasks

Manage overall day to day operations of the store, including hiring, reviewing, and employee scheduling.

Assist in planning annual or specific budgets.

Develop rapport and make connections with the retail team and customers.

Popular Employer Salaries for Retail Manager

The top respondents for the job title Retail Manager are from the companies Wal-Mart Stores, Inc, Dollar General Corporation and Target Corporation. Reported salaries are highest at Target Corporation where the average pay is $63,077. Other companies that offer high salaries for this role include CVS / Pharmacy and Wal-Mart Stores, Inc, earning around $56,498 and $54,960, respectively. Family Dollar Stores Inc pays the lowest at around $41,808. Sodexo, Inc. and Dollar General Corporation also pay on the lower end of the scale, paying $44,021 and $44,171, respectively.

Skills in People Management, Team Leadership and Sales Management are correlated to pay that is above average. Skills that pay less than market rate include Inventory Management and Customer Service.

What is the Pay by Experience Level for Retail Managers?

An entry-level Retail Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $39,365 based on 44 salaries. An early career Retail Manager with 1-4 years of experience earns an average total compensation of $40,338 based on 737 salaries. A mid-career Retail Manager with 5-9 years of experience earns an average total compensation of $45,244 based on 638 salaries. An experienced Retail Manager with 10-19 years of experience earns an average total compensation of $50,095 based on 810 salaries. In their late career (20 years and higher), employees earn an average total compensation of $52,205.

Pay Difference by Location

Employees with Retail Manager in their job title in New York, New York earn an average of 23.7% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (10.4% more) and Atlanta, Georgia (9.7% more). The lowest salaries can be found in Houston, Texas (8.5% less).